With an objective to grow gold portfolio at 10 percent for FY19, the Manappuram Finance board has approved their business plan for FY19.
VP Nandakumar, MD & CEO of Manappuram General Finance said the plan was also to grow consolidated assets under management (AUM) at 20 percent for FY19.
He further said that they were hopeful of improvement in micro-finance book and expected a growth of 25-30 percent in FY19 for microfinance owing to low base.
“We also expect cost of funds to increase by 50 bps in FY19”, said Nandakumar.